Rigrodsky & Long, P.A. Announces Investigation Of Health Management Associates, Inc. Buyout

Business Wirevia The Motley Fool
Updated

Rigrodsky & Long, P.A. Announces Investigation Of Health Management Associates, Inc. Buyout

WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:

  • Do you own shares of Health Management Associates, Inc. (NYSE:HMA)?

  • Did you purchase any of your shares prior to July 30, 2013?

  • Do you think the proposed buyout price is too low?

  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Health Management Associates, Inc. ("HMA" or the "Company") (NYSE: HMA) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Community Health Systems, Inc. ("CHS") (NYSE: CYH) in a transaction valued at approximately $7.6 billion, including the assumption of debt.


Click here to learn more: http://www.rigrodskylong.com/investigations/health-management-associates-inc-hma.

Under the terms of the agreement, public shareholders of HMA will receive $10.50 in cash and 0.06942 shares of CHS for each share of HMA they own. Based upon CHS's closing stock price of $47.23 on July 29, 2013, HMA shareholders would have received consideration valued at approximately $13.78 per share. In addition to the cash and stock consideration, HMA shareholders would also receive one Contingent Value Right for each HMA share they own, which could yield additional cash consideration of up to $1.00 per share.

The investigation concerns whether HMA's board of directors failed to adequately shop the Company and obtain the best possible value for HMA's shareholders before entering into an agreement with CHS. According to Yahoo! Finance, at least one analyst has set a price target for HMA stock at $20.00 per share.

If you own the common stock of HMA and purchased your shares before July 30, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/health-management-associates-inc-hma.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.



Rigrodsky & Long, P.A.
Seth Rigrodsky
Peter Allocco
888-969-4242
516-683-3516
Fax: 302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com

KEYWORDS: United States North America Delaware New York

INDUSTRY KEYWORDS:

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